Tuesday, September 9, 2008

Oil production cut, hardly a surprise

Only the most naive little school girl prancing around in her pink ballerina dress would think that OPEC would continue its current output or even increase.

The price has fallen, so of course they decrease output, to get more for each drop.
Prices were almost 150 dollars per barrel a month ago and I bet OPEC would be more than happy if they went up to 200 $

But OPEC might be fearing a promotion of democracy invasion so they did not cut production even more.

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